Multiple choice

Which of the following cannot be called as a Value Added Service offered by a Bank?

  1. Special accounts for poor sections of the society

  2. Accident insurance cover

  3. Instant Credits of Outstation Cheques

  4. Free cheque book

  5. All are value Added services
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Value Added Services are specialized services beyond basic banking operations, such as insurance products (accident cover), special account schemes for disadvantaged groups, and premium services like instant outstation cheque clearance. A free cheque book is a standard banking product offered to maintain account relationships, not an additional value-added service.

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